Martin Vander Weyer Martin Vander Weyer

Is there an alternative to nationalising Northern Rock?

Tuesday’s announcement that the Treasury will guarantee lending from other banks to Northern Rock is last ditch bid to avoid having to nationalise the bank. But in truth, most of the best options were closed off by inaction back in September.

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Japan won’t forgive Joe Biden for his xenophobia gaffe

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Joe Biden just threw a particularly nasty insult the way of Japan, a close ally of the United States, at a campaign event. The president accused the Japanese, along with China, Russia, and India, of being ‘xenophobic’ in their reluctance to admit large numbers of immigrants, and of damaging their economies as a consequence: ‘Why

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